REG - Synectics PLC - Long Term Infrastructure Contract

SynecticsAnnouncement

08/03/2022 07:00

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RNS Number : 9226D  Synectics PLC  08 March 2022

 

 RNS   8 March 2022

 

 

Synectics plc

("Synectics" or the "Company")

 

 

Long Term Infrastructure Contract

 

Synectics plc (AIM: SNX), a leader in the design, integration and support of
advanced security and surveillance systems, announces the award of a
substantial long-term contract to provide security management software support
for the UK energy company, National Grid, across its estate.

 

Synectics' Synergy software platform has been deployed at the National Grid
Security Control Centre for a number of years. Synergy provides National Grid
with a reliable, robust and scalable command and control solution that enables
the centralised monitoring and management of its network of critical
infrastructure sites and assets.

 

Following a recent upgrade to the latest version of Synergy software, National
Grid has entered into a five-year contract with Synectics to provide software
support. Although the total contract value is confidential, Synectics expects
to recognise revenue of approximately £600,000 in this financial year, with
lesser amounts in each of the remaining years of the contract. The contract
also includes provision for further software licences as the system is
deployed across additional National Grid sites.

 

Synectic Systems contracts directly with National Grid for the provision of
the software whilst first-line on-site support is provided by a small number
of selected integration partners.

 

 

Paul Webb, Chief Executive of Synectics plc, commented: "It is really pleasing
to see that our focus on building long-term customer relationships is
recognised, and that our programme of continuous customer-driven innovation is
valued by important customers such as National Grid.

 

"This further expands Synectics' footprint in high-security infrastructure
markets, where we have a strongly differentiated product offering."

 

 

For further information, please contact:

 Synectics plc                                                Tel: +44 (0) 114 280 2828
 Paul Webb, Chief Executive

David Bedford, Finance Director
 email: info@synecticsplc.com (mailto:info@synecticsplc.com)  www.synecticsplc.com

 Shore Capital                                                Tel: +44 (0) 20 7408 4050
 Tom Griffiths / David Coaten / Henry Willcocks

Ends

 

About Synectics plc

Synectics (AIM: SNX) is a leader in the design, integration and support of
advanced security and surveillance systems that enable clients around the
world to protect their people, communities, and assets.

Founded over 30 years ago, Synectics has deep industry experience across
gaming, energy, urban transport, public space and critical infrastructure
projects. The Group's expert engineering teams work in partnership with
customers to create integrated product and technology solutions, proven in the
most complex and demanding operating environments.

Find out more at www.synecticsplc.com (http://www.synecticsplc.com)

 

 

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